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Interesting and surprising statistics about digital media and devices. Compiled & curated by Dan Calladine, Aegis Media - dan.calladine@aemedia.com -
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Friday, 29 October 2010

Spotify paid out €30m in revenues to music rights holders in the first 8 months of 2010

"How much money is streaming music service Spotify generating for the music industry?
According to figures shared with Music Ally by the company, its payouts to rightsholders have topped €40 million since it launched in October 2008. That’s based on streams of songs across its seven European territories.
However, €30 million of those were paid in the first eight months of 2010, as usage of Spotify has grown sharply. That could be boiled down to €3.75 million a month, but Music Ally understands that the figure was much lower at the start of 2010, and much higher now."
Source: Figures from Spotify, revealed to Music Ally, 28th October 2010